Pond0x, a decentralized exchange (DEX), has reported reaching over $100 million in total trading volume, according to a social media post from its official channel. This comes after the launch of its native token, PNDX, which faced criticism and resulted in losses for some investors. However, supporters argue that the losses were not the fault of the developer. The official channel cited a Dune dashboard as evidence, showing over $111 million in all-time trading volume. Despite the controversy surrounding the project, Pond0x continues to gain support on Twitter. Critics have raised concerns about the token’s transfer function, which allows anyone to transfer tokens, potentially leading to loss of ownership. However, some experts have analyzed the smart contract code and concluded that Pond0x is not a complete scam but rather a liquidity provider (LP) farm. The project launched its DEX on September 1 and has now reached over $100 million in trading volume.
